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← LOCAL 147 TRAINING FUND

Form 990 for tax year 2023

Filed by LOCAL 147 TRAINING FUND.

Totals

Total revenue
$199,416
Total expenses
$148,464
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$85,727
Investment income
$113,689
Other revenue
$0
Total assets, end of year
$1,446,236
Total liabilities, end of year
$10,832
Net assets or fund balances, end of year
$1,435,404
Program services expenses (Part IX)
$136,147
Management and general expenses
$12,317
Fundraising expenses
$0
Program service expenses (Part III)
$136,147

Program services were 91.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYERS CONTRIBUTION

    total $85,727 · related or exempt $85,727

  • 3 · Investment income

    total $33,863 · excluded $33,863

  • 7a · Gross sales of assets other than inventory

    securities $461,567

  • 7b · Less cost or other basis and sales expenses

    securities $381,741

  • 7c · Gain or loss

    securities $79,826

  • 7d · Net gain or loss

    total $79,826 · excluded $79,826

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $59,902 · program services $59,902

  • 8 · Pension plan contributions

    total $24,454 · program services $24,454

  • 9 · Other employee benefits

    total $18,542 · program services $18,542

  • 10 · Payroll taxes

    total $6,013 · program services $6,013

  • 11b · Fees: legal

    total $4,000 · management and general $4,000

  • 11c · Fees: accounting

    total $4,500 · management and general $4,500

  • 11f · Fees: investment management

    total $1,207 · management and general $1,207

  • 13 · Office expenses

    total $125 · management and general $125

  • 23 · Insurance

    total $2,485 · management and general $2,485

  • 24a · Other expenses: TRAINING CLASSES

    total $27,236 · program services $27,236

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,234 · end of year $20,343

  • 2 · Savings and temporary cash investments

    beginning of year $5,177 · end of year $2,778

  • 4 · Accounts receivable

    beginning of year $5,506 · end of year $11,046

  • 10a · Land, buildings and equipment: cost or other basis

    $1,642

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,642

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,389,478 · end of year $1,410,826

  • 15 · Other assets

    beginning of year $1,306 · end of year $1,243

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,911 · end of year $10,832

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,396,790 · end of year $1,435,404

Mission and programs · 2023

Mission

TO PROVIDE TRAINING AND EDUCATION TO THE MEMBERS OF LOCAL 147 CONSTRUCTION WORKERS.

  • CONFERENCES AND EDUCATIONAL CLASSES TO EDUCATE MEMBERS OF ALL SAFETY FEATURES ON THE JOB.

    Expenses $136,147 · Revenue $85,727

As filed on the 2023 return.

Listed in Part VII

  • Richard Fitzsimmons

    UNION TRUSTEE

    Total calculated
    $527,104
    From this org
    $0
    From related orgs
    $263,936
    Other
    $263,168
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $263,936 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $148,531 related
    Nontaxable benefits
    $0 + $114,637 related
    Filer's total
    $0 + $527,104 related

  • Robert Wessels

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Ryan

    FORMER TRAINING DIRECTOR

    Total calculated
    $22,870
    From this org
    $0
    From related orgs
    $16,175
    Other
    $6,695
    Hours/week
    1 + 40 related

  • Thomas Smith

    TRAINING DIRECTOR

    Total calculated
    $34,790
    From this org
    $26,969
    From related orgs
    $0
    Other
    $7,821
    Hours/week
    1 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • FRONTIERKEMPER CONSTRUCTORS INC

    NY

  • OCS INDUSTRIES INC

    NY

  • OHL USA INC

    NY

  • NORTHEAST REMSCO

    NJ

  • WALSH CONSTRUCTION II

    IL

Provenance

Return type
form_990
Tax year
2023
Filed
17 October 2024
IRS schema version
2023v5.1
Source object
202442919349300034

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